UAE | ForkLog - Part 2

ForkLog 10 18.10.2024

UAE to Establish Legal Framework for DAOs

The UAE plans to introduce a legal framework for decentralized autonomous organizations (DAOs) within the RAK DAO. This was reported by Cointelegraph, citing a letter from the law firm NeosLegal. The presentation and discussion of the new regime with representatives of the free economic zone is scheduled for October 25. Irina Heaver, a partner at […]

AI translated

ForkLog 18 17.10.2024

0xProcessing and Pokras Lampas to Unveil Collaboration at Blockchain Life 2024

The crypto processing service 0xProcessing and calligraphy artist Pokras Lampas will unveil their collaboration at the Blockchain Life 2024 forum, scheduled for October 22-23 in Dubai.

AI translated

ForkLog 6 14.10.2024

UAE Central Bank Grants Preliminary Approval for Dirham-Based Stablecoin

CBUAE has granted AED Stablecoin preliminary approval to issue a dirham-based stablecoin, AE Coin, in accordance with the Payment Token Services Regulation. This was reported by Gulf Today. The firm has emerged as the frontrunner in the race to become the first issuer of a regulated stablecoin pegged to the local currency. If fully approved, […]

AI translated

ForkLog 12 11.10.2024

Countdown to Blockchain Life 2024 in Dubai

On October 22 and 23, Dubai will host the thirteenth international forum Blockchain Life 2024. The event will gather over 10,000 industry representatives from 120 countries. “If you miss the conference, you’ll experience such FOMO in 2025 that you can’t even imagine. New projects will emerge daily, but you won’t be prepared for them, even […]

AI translated

ForkLog 9 07.10.2024

UAE Abolishes VAT on Cryptocurrency Transactions

The UAE authorities have exempted all cryptocurrency transactions from the 5% value-added tax. This was highlighted by PwC. “The UAE has effectively placed digital assets on par with TradFi. This legitimizes cryptocurrencies,” —commented Ankita Dhawan, a senior research fellow at the Métis Institute. The exemption is retroactive from January 1, 2018. Companies involved with digital […]

AI translated

ForkLog 8 02.10.2024

Blockchain Life 2024 to Feature Speakers from Tether, Tron, and Trust Wallet

On October 22 and 23, Dubai will host the thirteenth international forum Blockchain Life 2024. The event will gather over 10,000 industry representatives from 120 countries, including speakers from Tether, Tron, Trust Wallet, and Ledger. According to the event’s organizer, Sergey Khitrov, cryptocurrency trends are typically discussed at the forum about six months before they […]

AI translated

ForkLog 7 28.08.2024

French and UAE Authorities Allegedly Hacked Pavel Durov’s iPhone

In 2017, France and the UAE orchestrated the hacking of Telegram founder Pavel Durov’s iPhone as part of an operation codenamed “Purple Music.” This was reported by The Wall Street Journal, citing sources. According to these sources, the authorities of both countries were concerned that the messaging app was being used by terrorists, drug traffickers, […]

AI translated

ForkLog 20 21.08.2024

Tether to Launch UAE Dirham-Pegged Stablecoin

Tether has announced plans to develop a stablecoin pegged to the United Arab Emirates Dirham (AED). Tether to Develop UAE Dirham-Pegged Stablecoin Read more:https://t.co/dkiDAI0y15 — Tether (@Tether_to) August 21, 2024 The launch of the asset is planned in partnership with the local technology conglomerate Phoenix Group, supported by Green Acorn Investments. According to the statement, […]

AI translated

ForkLog 11 21.08.2024

Dubai to Host Blockchain Life 2024 with Over 10,000 Attendees

On October 22 and 23, Dubai will host the international forum Blockchain Life 2024. The event is expected to attract more than 10,000 industry representatives from 120 countries, according to the organisers who spoke to ForkLog. The speakers at Blockchain Life 2024 include: Justin Sun, founder of Tron; Paolo Ardoino, CEO of Tether; Eowyn Chen, […]

AI translated

ForkLog 10 31.07.2024

M2 to Enable Bitcoin Purchases via Bank Accounts in UAE

The M2 platform, registered with the FSRA, will allow clients to trade cryptocurrencies directly from their bank accounts, as reported by Cointelegraph. Users can exchange Bitcoin and Ethereum for dirhams and vice versa. There is also an option for depositing and withdrawing funds in the national currency. The company believes that the new integration will […]

AI translated

ForkLog 17 24.07.2024

Co-founder of DEBT Box Alleges Brother’s Kidnapping and $400 Million Theft

Jacob Anderson, an executive at the mining company DEBT Box, has alleged the kidnapping of his brother and co-founder, Jason Anderson. This was reported by Fortune. According to available information, in March 2024, Jason Anderson was attending a business meeting in Dubai but was unable to leave the UAE. After interacting with airport staff, he […]

AI translated

ForkLog 9 26.06.2024

Legal Expert Criticizes UAE’s New Cryptocurrency Regulations

The updated regulations in the UAE could potentially ban cryptocurrency payments in the country. This conclusion was reached by legal expert Irina Khiver. She referred to the approval on June 5 by the board of directors of the UAE Central Bank (CBUAE) of amendments to the regulation on the supervision and licensing of stablecoins. According […]

AI translated

#UAE